When we feel its time to become more defensive one excellent / simple option for MM is to buy the BBOZ bearish ETF, this position is currently leveraged ~2.5x hence a 8% position hedges 20% of our portfolio assuming we are fully committed to stocks.
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Reporting season has taken a positive turn – James Gerrish breaks down some of this weeks action.
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Thursday 11th September – Dow off -220pts, SPI off -20pts
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Market Matters Monthly Video Update: Portfolio Performance for November 2025
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Wednesday 10th September – Dow up +196pts, SPI down -4pts
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JB Hi-Fi (JBH) historical PE multiple – source Bloomberg
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MM is looking to buy the BBOZ under 5.50 with an initial target ~8.
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JB Hi-Fi (JBH) historical PE multiple – source Bloomberg
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